Civil Liability Wordings - Are they the best?
Are Civil Liability Wordings the best type of Professional Indemnity wordings to have?
Do not get misled by insurers who boast they have a civil liability wording. These are usually similar or the same as what we call an “Act, Error or Omission” wording because the civil liability wording has many more exclusions, conditions and definitions included in the cover. Avoid totally policies that have in their Insuring clauses “Breach of professional duty by Act, Error or Omission caused by Negligence”. It will not pick up any claims relating to Statutes such as the Trade Practices Act, or Health & Safety Acts (unless extended accordingly).